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Some points in this group are not clear
I guess not regulating ICO has been the major problems
Lots of shit happens and know one to moderate them
Its crazy
I guess not regulating ICO has been the major problems
Lots of shit happens and know one to moderate them
Its crazy
Regulation will be the catalyst that gives life to crypto again
for now you need to have people with believe in the project to want to invest
We love to see that happen
Bitcoin was first mined on this day
And now we still mining so progress will happen
It all depends on the objectives
The creation of tokens by projects is to ensure they can have lots of liquids to be able to enable operations
Am sure there are ways to work things out
The creation of tokens by projects is to ensure they can have lots of liquids to be able to enable operations
Am sure there are ways to work things out
People have to be able to understand the economics
Re: The market looking more and more like the Internet frenzy at the end of the 90s.
for me there are 2 sectors that can be compared to each other but the vision of a "natural selection" among the altcoins could actually be corrected. it is probable that in a few years only a few altcoins and BTC will have survived this selection. we hope to have guessed the few altcoins that will survive
Well the best way to standard on the right side is to look for a project with real community and also aligning itself with laws that might fight against it when regulations is set to kick in.. because lots of projects ignore relevant facts that the future government will scrutinize it's operations. Bet on project with good community and also taking measure to suite in when that time comes
Re: 💰💰💰 [ICO] [SOUK] CRYPTOSOUK - CRYPTO EXCHANGE FOR MIDDLE EAST 💰💰💰
Hey. what do you mean by transparency and what kind of benefits it give to your clients?
Every one in the community can be part of the business process and that means the clients have the benefit of knowing what goes on in the networks
Best regards
Em Ng
MazeeCm
Re: 💰💰💰 [ICO] [SOUK] CRYPTOSOUK - CRYPTO EXCHANGE FOR MIDDLE EAST 💰💰💰
When it will be listing?
No comments on listing
Please stay tuned
Best regards
Em Ng
Mazeecm
Re: 💰💰💰 [ICO] [SOUK] CRYPTOSOUK - CRYPTO EXCHANGE FOR MIDDLE EAST 💰💰💰
Will you guys be doing any live appearances on crypto conventions?
That would be good, as those conferences can help you present the project to wider audiences.
Also maybe a potential new partnership
You always need networking and these conferences are a great way to build your brand while aquiering new connections.
Thanks for the feedback
Best Regards
Em NY
MazeeCm
Re: 💰💰💰 [ICO] [SOUK] CRYPTOSOUK - CRYPTO EXCHANGE FOR MIDDLE EAST 💰💰��
Do you plan reward those that join your beta program,like rewarding most active beta participants?
Any of such reward will be openly announced stay tuned
Best regards
MazeeCm
Re: 💰💰💰 [ICO] [SOUK] CRYPTOSOUK - CRYPTO EXCHANGE FOR MIDDLE EAST 💰💰��
What will be the main purpose of SOUK tokens?
Our vision is to build the next generation digital asset exchange for traders of every skill level with the aim of making digital currency trading accessible to everyone. We are devoted to enhancing our customers trading experiences with quick trade execution, fair pricing, world-class customer service, endless improvement and limitless creativity. The main purpose of our Souk Tokens are the following:
1. Tokens will be redeemable to pay trading, transfer and other fees at a discount of at least 30%. We reserve the right to create special promotions and windows where token discounts on fees will be higher for a period of time, but they will always be worth a discount of at least 30%. Certain pre-ICO and early ICO coin buyers will get an additional discount applied to the general fee discount.
2. Tokens will be the method of payment for the listing of new asset pairs from projects that also meet our diligence review for soundness.
3. The company will, after $1,000,000.00 in initial profit as calculated under standard IFRS rules, use 20% of its quarterly profit from the previous quarter to acquire and burn SOUK tokens from the market in the current quarter. The company has the right to purchase tokens before the $1 million milestone and can, at its option, acquire more than the required 20% in any given quarter at its sole election. The company will continue to acquire SOUK tokens until there are less than 5.6 million outstanding tokens. However, the company, at its sole discretion, can re-acquire and burn all 56 million tokens originally issued.
Best Regards,
MaZeeCM
Are we going to be able to trade those tokens on other exchanges?
No comments on exchange now
Best regards
Re: 💰💰💰 [ICO] [SOUK] CRYPTOSOUK - CRYPTO EXCHANGE FOR MIDDLE EAST 💰💰💰
Thank you for the support.
Em Ng
MazeeCM
Finally AMA is starting on reddit, come and join in guys.
https://www.reddit.com/r/CryptoSouk/comments/95uhfu/cryptosouk_ama_today/
https://www.reddit.com/r/CryptoSouk/comments/95uhfu/cryptosouk_ama_today/
How do I participate in AMA?Do I have to register or?
No need to register an interesting session done in reddit
You can join there and read the comments
Em Ng
MazeeCm
Re: 💰💰💰 [ICO] [SOUK] CRYPTOSOUK - CRYPTO EXCHANGE FOR MIDDLE EAST 💰💰��
I am loving this project an amazing one with so much potential as there have been immense growth in the digital currency sector and there is need for more reliable and good features providing exchange, but my question is why is it targeted fore the middle east alone?
Focused target but still have a vision for a global market space
Em Ng
MAZEE CM
Re: 💰💰💰 [ICO] [SOUK] CRYPTOSOUK - CRYPTO EXCHANGE FOR MIDDLE EAST 💰💰💰
Do you have plans for some good referral system to help you spread when exchange goes live?
Hope the above response answers your queries
Em Ng
Mazee
Re: 💰💰💰 [ICO] [SOUK] CRYPTOSOUK - CRYPTO EXCHANGE FOR MIDDLE EAST 💰💰��
Can newbie rank join your bounty campaign?
Not sure about that
Best regards
Re: 💰💰💰 [ICO] [SOUK] CRYPTOSOUK - CRYPTO EXCHANGE FOR MIDDLE EAST 💰💰💰
Will crypto.souk have some charity events soon?
If any comes up will be shared with the community
Best regards
Em Ng
Mazee
Re: 💰💰💰 [ICO] [SOUK] CRYPTOSOUK - CRYPTO EXCHANGE FOR MIDDLE EAST 💰💰💰
Is there a maximum purchase limit on SOUK Tokens or a cap?
HARD CAP: 52.000.000 SOUK
Best regards
Em Ng
Re: 💰💰💰 [ICO] [SOUK] CRYPTOSOUK - CRYPTO EXCHANGE FOR MIDDLE EAST 💰💰��
Is KYC needed in order to join the sale?
Most probably yes,as its standard practice nowdays.
KYC is part of crypto now
Em Ng
Mazee
Re: 💰💰💰 [ICO] [SOUK] CRYPTOSOUK - CRYPTO EXCHANGE FOR MIDDLE EAST 💰💰💰
Can we buy SOUK with credit card?
Will keep you updated when that option is available
Best regards
Em Ng
Mazee
Re: 💰💰💰 [ICO] [SOUK] CRYPTOSOUK - CRYPTO EXCHANGE FOR MIDDLE EAST 💰💰��
How you plan to spend raised funds?
Use of Proceeds - assumes Hard Cap metMarketing/Community - 20%
Market Liquidity - 15%
Product Development -25%
Legal and Licensing -40%
I see that you plan to spend 40% on Legal and licensing.These things are so expensive?
It is. The company is pursuing an exchange license in the Abu Dhabi Global Markets (ADGM) where, with an office in Kuwait as well, our operations generally occur.
Best Regards,
MaZeeCM
How does crypto fare on middle east when it comes to regulations and how do people generally feel when towards crypto?
It is growing and there is an opportunity
Best regards
Em Ng
Mazee
Re: 💰💰💰 [ICO] [SOUK] CRYPTOSOUK - CRYPTO EXCHANGE FOR MIDDLE EAST 💰💰��
Which currencies do you accept? I presume ETH and BTC, any other currency?Maybe Fiat?
Yes that will be on the list
Join telegram channel so you get real time response about project follow the link to connect with us on telegram
https://t.me/cryptosouk_community_en
Best Regards
Em Ng
Mazee